Japan’s Mitsui Chemicals to acquire 51% of KOC Solution

20 February 2013 04:45  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Mitsui Chemicals Inc (MCI) said on Wednesday it will acquire 51% of Korean firm KOC Solution Co Ltd (KOC) for an undisclosed amount.

KOC, a Korean manufacturer and distributor of plastic optical lenses monomers, will become a subsidiary of Mitsui Chemicals once the stake acquisition is completed, the Japanese firm said in a statement.

“MCI positions optical lenses monomers as one of [the] five priority businesses – businesses resilient to economic changes – under its fiscal 2011 mid-term business plan,” it said.

KOC has factories at Sejong in South Korea, and at Jiangsu in China.

By: Pearl Bantillo
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly